The US securities and exchange Commission (SEC) released the names of major investors and investment funds that could participate in the telegram ICO.
According to the documents, the number of investors may include a former member of the Bitcoin Foundation Board and a partner of Ribbon Capital, Micky Malka, who was mentioned by Pavel Durov during his testimony. When asked by the court whether Telegram knows who will become a validator in the TON blockchain, Durov replied that the company did not make a separate list of investors, but mentioned Malka, saying that He could have had experience of validation in other networks.
In addition, the SEC released correspondence between telegram Vice President Ilya Perekopsky and David Yang, the founder of ABBYY Lingvo, which developed electronic dictionaries for translators. This correspondence was attached to the case, as Jan asked Perekopsky about the possibility of direct participation in the ICO, to which he received a positive response.
TON investors may also include American investment funds Kleiner Perkins, Fortress, Draper Dragon, Dragoneer, DRW Holdings, and Redpoint. Investors justified their decision to purchase Gram tokens in statements, while the names of companies and their representatives were removed. However, the file names contain the names of the alleged investors, and according to these documents, the investment amounts of each company range from $5 to $10 million.
Most of the witnesses interviewed by the Commission at the court session said that Telegram did not offer to buy shares of the company – investors considered the purchase of Gram tokens as an opportunity to support the development of the TON platform.
Recall that last week, the telegram company was supported by the human rights group Blockchain Association, claiming that the SEC contradicts its own rules. In addition, the Washington Chamber of digital Commerce also sent an expert opinion to the court, noting the need for a clearer distinction between the concepts of “digital assets” and “securities”.